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    Business
  3. Study Set
    Macroeconomics Study Set 32
  4. Exam
    Exam 1: Limits, Alternatives, and Choices
  5. Question
    -Refer to the Above Diagram
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-Refer to the Above Diagram

Question 56

Question 56

Multiple Choice

  -Refer to the above diagram. An improvement in technology will: A)  shift the production possibilities curve from PP<sub>1</sub> to PP<sub>2</sub>. B)  shift the production possibilities curve from PP<sub>2</sub> to PP<sub>1</sub>. C)  move the economy from A to C along PP<sub>1</sub>. D)  move the economy from A, B, or C on PP<sub>1</sub> to D
-Refer to the above diagram. An improvement in technology will:


A) shift the production possibilities curve from PP1 to PP2.
B) shift the production possibilities curve from PP2 to PP1.
C) move the economy from A to C along PP1.
D) move the economy from A, B, or C on PP1 to D

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